Civic Intelligence

Fayette County Local Development Corporation

990 • Fiscal year 2020 • EIN 61-1057380

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
148 Deweese StLexington, KY 40507

(859) 233-1561

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

11.71x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

23rd percentile

-6.9%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.9%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

3.7%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$7,771,270

Up $67,862 (+0.9%) from 2019

Net Assets

Down

$1,101,695

Down $39,086 (-3.4%) from 2019

Liabilities

Up

$6,669,575

Up $106,948 (+1.6%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin23rd percentile

Revenue

Up

$569,518

Up $20,088 (+3.7%) from 2019

Expenses

Up

$608,604

Up $42,275 (+7.5%) from 2019

Net Income

Down

-$39,086

Down $22,187 (-131%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,061,787Liabilities 2011: $2,832,504Net Assets 2011: $1,229,2832011Assets 2012: $5,139,250Liabilities 2012: $3,955,549Net Assets 2012: $1,183,7012012Assets 2013: $5,590,928Liabilities 2013: $4,328,185Net Assets 2013: $1,262,7432013Assets 2014: $5,649,693Liabilities 2014: $4,427,671Net Assets 2014: $1,222,0222014Assets 2015: $6,024,234Liabilities 2015: $4,793,023Net Assets 2015: $1,231,2112015Assets 2016: $6,530,547Liabilities 2016: $5,303,686Net Assets 2016: $1,226,8612016Assets 2017: $7,031,401Liabilities 2017: $5,824,129Net Assets 2017: $1,207,2722017Assets 2018: $6,968,319Liabilities 2018: $5,810,639Net Assets 2018: $1,157,6802018Assets 2019: $7,703,408Liabilities 2019: $6,562,627Net Assets 2019: $1,140,7812019Assets 2020: $7,771,270Liabilities 2020: $6,669,575Net Assets 2020: $1,101,6952020Assets 2021: $7,740,919Liabilities 2021: $6,555,244Net Assets 2021: $1,185,6752021Assets 2022: $7,578,753Liabilities 2022: $6,350,083Net Assets 2022: $1,228,6702022Assets 2023: $7,349,398Liabilities 2023: $6,142,136Net Assets 2023: $1,207,2622023Assets 2024: $7,118,113Liabilities 2024: $6,034,226Net Assets 2024: $1,083,8872024

Highlighted filing

2020

Assets$7,771,270
Liabilities$6,669,575
Net Assets$1,101,695
Open 2020 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $685,715Expenses 2011: $554,010Net Income 2011: $131,7052011Revenue 2012: $435,343Expenses 2012: $480,925Net Income 2012: -$45,5822012Revenue 2013: $660,344Expenses 2013: $581,302Net Income 2013: $79,0422013Revenue 2014: $473,068Expenses 2014: $513,789Net Income 2014: -$40,7212014Revenue 2015: $580,381Expenses 2015: $571,192Net Income 2015: $9,1892015Revenue 2016: $508,141Expenses 2016: $512,491Net Income 2016: -$4,3502016Revenue 2017: $561,292Expenses 2017: $580,881Net Income 2017: -$19,5892017Revenue 2018: $546,749Expenses 2018: $596,341Net Income 2018: -$49,5922018Revenue 2019: $549,430Expenses 2019: $566,329Net Income 2019: -$16,8992019Revenue 2020: $569,518Expenses 2020: $608,604Net Income 2020: -$39,0862020Revenue 2021: $649,620Expenses 2021: $685,827Net Income 2021: -$36,2072021Revenue 2022: $654,818Expenses 2022: $611,823Net Income 2022: $42,9952022Revenue 2023: $670,898Expenses 2023: $692,306Net Income 2023: -$21,4082023Revenue 2024: $614,894Expenses 2024: $750,757Net Income 2024: -$135,8632024

Highlighted filing

2020

Revenue$569,518
Expenses$608,604
Net Income-$39,086
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$679,167
Mission and Program Overview

Mission

To improve economic development with primary focus on the development of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,138,336$5,784,625▼ $353,711
Other Notes and Loans Receivable, Net$1,288,444$1,330,510▲ $42,066
Inventories for Sale or Use$90,170$332,179▲ $242,009
Cash and Non-Interest-Bearing Accounts$99,355$235,229▲ $135,874
Accounts Receivable$75,007$76,923▲ $1,916
Prepaid Expenses and Deferred Charges$12,096$11,804▼ $292
Total Assets$7,703,408$7,771,270▲ $67,862
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,027,027$3,981,784▼ $45,243
Other Liabilities$2,392,017$2,579,426▲ $187,409
Accounts Payable and Accrued Expenses$106,283$68,256▼ $38,027
Escrow Account Liability$37,300$40,109▲ $2,809
Total Liabilities$6,562,627$6,669,575▲ $106,948
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,140,781$1,101,695▼ $39,086
Total Net Assets Fund Balance$1,140,781$1,101,695▼ $39,086
Total Liabilities and Net Assets / Fund Balance$7,703,408$7,771,270▲ $67,862

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,937,464$1,856,842$6,794,306
Land$688,499-$688,499
Other Land Buildings$158,662$149,267$307,929
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Porter G Peeples SrPresident
Abdul MuhammadBoard Member
Denise BrownBoard Member
Ebony WilliamsBoard Member
John LoganBoard Member
Keith JonesBoard Member
Larry ForesterBoard Member
Norman P FranklinBoard Member
Raymond SmithBoard Member
Sherry FieldsBoard Member
Tasha WhiteBoard Member
Timothy EleryBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
V & D Construction LLCConstruction427 ELM STREET, Lexington, KY 40508$499,272
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$437,472
Investment Income
$87,538
Other Revenue
$42,008
All Other Contributions
$2,500
Change in Net Assets
$-39,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$254,814$4,237-$259,051
Interest$132,942$10,204-$143,146
Insurance$67,904$814-$68,718
Fees for Services Other-$30,185-$30,185
All Other Expenses$2,071$10,894-$12,965
Other Expenses$11,159$11-$11,170
Fees for Services Accounting-$10,000-$10,000
Office Expenses$1,121$3,798-$4,919
Total Functional Expenses$538,461$70,143$0$608,604
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Income$1,992,656
Note Payable - Related Party$494,000
Due to Urban League$92,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the cfo, any concerns are pursued for clarity with the auditing firm; the 990 is then submitted to the board via email attachment for their review; after board review and approval, the 990 is submitted to president of agency for signature before filing; forms are mailed certified mail, return receipt to the appropriate state and federal agencies.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is monitored annually. Staff and board members are asked to complete a document indicating any potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon written request and for purpose.”

Filing and Contact Details

Filer

Filer Name
Fayette County Local
EIN
61-1057380
Phone
8592331561
Address
148 DEWEESE ST, LEXINGTON, KY 40507

Signing Officer

Name
Norman Franklin
Title
Authorized Officer
Phone
8592331561
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Porter G Peeples
Formed
1981
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Hicks & Associates Cpas
Address
1795 ALYSHEBA WAY SUITE 6206, LEXINGTON, KY 40509
Preparer
David W Hickscpacffcfecgma
Phone
8593689727
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Miscellaneous: program service expenses 851. Management and general expenses 4,294. Fundraising expenses 0. Total expenses 5,145. Administrative services: program service expenses 0. Management and general expenses 3,600. Fundraising expenses 0. Total expenses 3,600. Debt forgiveness exp: program service expenses 0. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 3,000. Property taxes: program service expenses 1,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,220.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year. However, due to covid-19, there have been delays in the audit for fiscal year ended june 30, 2020. The audit is in-progress and has not been completed. But the board will approve the audit once completed.”

Financial Statement Notes

PART IV, LINE 2B:

“Renters' security deposits”

PART X, LINE 2:

“As of june 30, 2020, the organization has no uncertain tax positions that qualify for disclosure in the financial statements. Tax years still open under federal and state statute of limitations remain subject to review and change.”

Raw XML AppendixShowing 400 of 554 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01140781
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01101695
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03798
IRS990/OfficeExpensesGrp/ProgramServicesAmt01121
IRS990/OfficeExpensesGrp/TotalAmt04919
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROPERTY AND RENOVATION
IRS990/OtherExpensesGrp/Desc1PROJECT MANAGEMENT
IRS990/OtherExpensesGrp/Desc2LOAN & DEVELOPER COSTS
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011
IRS990/OtherExpensesGrp/ProgramServicesAmt031269
IRS990/OtherExpensesGrp/ProgramServicesAmt122457
IRS990/OtherExpensesGrp/ProgramServicesAmt214724
IRS990/OtherExpensesGrp/ProgramServicesAmt311159
IRS990/OtherExpensesGrp/TotalAmt031269
IRS990/OtherExpensesGrp/TotalAmt122457
IRS990/OtherExpensesGrp/TotalAmt214724
IRS990/OtherExpensesGrp/TotalAmt311170
IRS990/OtherLiabilitiesGrp/BOYAmt02392017
IRS990/OtherLiabilitiesGrp/EOYAmt02579426
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0DEVELOPER FEE
IRS990/OtherRevenueMiscGrp/Desc1FORGIVENESS OF DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022457
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt119551
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022457
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119551
IRS990/OtherRevenueTotalAmt042008
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01288444
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01330510
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012096
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011804
IRS990/PrincipalOfficerNm0PORTER G PEEPLES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0437472
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0437472
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt038113
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042437
IRS990/PYOtherExpensesAmt0566329
IRS990/PYOtherRevenueAmt045438
IRS990/PYProgramServiceRevenueAmt0423442
IRS990/PYRevenuesLessExpensesAmt0-16899
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0566329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0549430
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-39086
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0521831
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt038113
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0156146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt045187
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt039785
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037426
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt035092
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0199927
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0114000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0127500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0393500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0437472
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0423442
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0396018
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0408437
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0365145
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt02030514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt045187
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt039785
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037426
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt035092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0199927
IRS990ScheduleA/InvestmentIncomeCYPct00.06450
IRS990ScheduleA/InvestmentIncomePYPct00.06260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt042008
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt045438
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt073027
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt084025
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt072904
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0317402
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83300
IRS990ScheduleA/PublicSupportPY509Pct00.80750
IRS990ScheduleA/PublicSupportTotal509Amt02580160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0591972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0461555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0555551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0570937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0400145
IRS990ScheduleA/Total509Grp/TotalAmt02580160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0679167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0549430
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0668363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0692388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0508141
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03097489
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04937464
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01856842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06794306
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0688499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0688499
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0158662
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0149267
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0307929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11992656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2494000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO URBAN LEAGUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED GRANT INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE - RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTERS' SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AS OF JUNE 30, 2020, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05784625
IRS990ScheduleD/TotalLiabilityAmt02579426
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE CFO, ANY CONCERNS ARE PURSUED FOR CLARITY WITH THE AUDITING FIRM; THE 990 IS THEN SUBMITTED TO THE BOARD VIA EMAIL ATTACHMENT FOR THEIR REVIEW; AFTER BOARD REVIEW AND APPROVAL, THE 990 IS SUBMITTED TO PRESIDENT OF AGENCY FOR SIGNATURE BEFORE FILING; FORMS ARE MAILED CERTIFIED MAIL, RETURN RECEIPT TO THE APPROPRIATE STATE AND FEDERAL AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. STAFF AND BOARD MEMBERS ARE ASKED TO COMPLETE A DOCUMENT INDICATING ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AND FOR PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS: PROGRAM SERVICE EXPENSES 851. MANAGEMENT AND GENERAL EXPENSES 4,294. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,145. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,600. DEBT FORGIVENESS EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,000. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 1,220. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,220.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HOWEVER, DUE TO COVID-19, THERE HAVE BEEN DELAYS IN THE AUDIT FOR FISCAL YEAR ENDED JUNE 30, 2020. THE AUDIT IS IN-PROGRESS AND HAS NOT BEEN COMPLETED. BUT THE BOARD WILL APPROVE THE AUDIT ONCE COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,771,270
Liabilities
$6,669,575
Net assets
$1,101,695
Revenue
$569,518
Expenses
$608,604
Net income
-$39,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$6.03$1.08$0.61$0.75$0.14
2023Summary only. Only limited summary data is available for this year.$7.35$6.14$1.21$0.67$0.69$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.58$6.35$1.23$0.65$0.61$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.74$6.56$1.19$0.65$0.69$0.04
2020Detailed filing. Detailed filing data is available for this year.$7.77$6.67$1.10$0.57$0.61$0.04
2019Summary only. Only limited summary data is available for this year.$7.70$6.56$1.14$0.55$0.57$0.02
2018Summary only. Only limited summary data is available for this year.$6.97$5.81$1.16$0.55$0.60$0.05
2017Summary only. Only limited summary data is available for this year.$7.03$5.82$1.21$0.56$0.58$0.02
2016Summary only. Only limited summary data is available for this year.$6.53$5.30$1.23$0.51$0.51$0.00
2015Summary only. Only limited summary data is available for this year.$6.02$4.79$1.23$0.58$0.57$0.01
2014Summary only. Only limited summary data is available for this year.$5.65$4.43$1.22$0.47$0.51$0.04
2013Summary only. Only limited summary data is available for this year.$5.59$4.33$1.26$0.66$0.58$0.08
2012Summary only. Only limited summary data is available for this year.$5.14$3.96$1.18$0.44$0.48$0.05
2011Summary only. Only limited summary data is available for this year.$4.06$2.83$1.23$0.69$0.55$0.13
Peer Organizations

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